MirrorWeb secures £2m from Maven Capital Partners to accelerate international expansion.
Maven Capital Partners backed the Manchester-based compliance tech firm with £2m from its managed VCTs.
MirrorWeb provides unified communications supervision software for financial services firms and regulated industries. Its Insight platform captures and archives digital channels to support compliance and regulatory readiness.
MirrorWeb has secured £2m in a seed follow-on funding round from Maven Capital Partners. The transaction was backed by Maven's managed VCTs, marking the investor's tenth VCT deployment in 2020.
Manchester-based MirrorWeb operates a cloud platform designed to help regulated entities capture and archive digital communications, satisfying stringent oversight standards set by bodies such as the FCA and SEC. The company counts notable public and private sector clients, including Zurich, Tesco Bank, and the BBC.
The newly injected capital will be deployed to support business expansion and capitalise on commercial opportunities across domestic and international markets, including the United States.
From the founder
"MirrorWeb is entering a very exciting stage in terms of growth and ambition. Over the past two years, we’ve made huge leaps in our mission to be the leaders in web-based archiving and this milestone is central in supporting the next phase of our journey."
David Clee
CEO at MirrorWeb
Investor perspective
"MirrorWeb is a fantastic northern technology business which has developed genuinely novel technology. We know the team extremely well, having originally provided funding through NPIF, and today’s investment represents an excellent opportunity for the Maven VCTs to back an innovative business with the opportunity to expand quickly in both the UK and internationally. We look forward to helping the business accelerate its growth in these markets."
Jeremy Thompson
Investment Director, Maven Capital Partners
Use of funds
- 01Expand into international markets